• FFG: $78.10

Income Statement

As Reported Financials

Source Document Currency Code (in thousands) 2014 Y 12/31/2016 USD 2015 Y 12/31/2017 USD 2016 Y 12/31/2017 USD 2017 Y 12/31/2017 USD
Source Document Currency Code 2014 Y 12/31/2016 USD 2015 Y 12/31/2017 USD 2016 Y 12/31/2017 USD 2017 Y 12/31/2017 USD

Revenues

Interest sensitive product charges 109,770 114,584 111,928 112,936
Traditional life insurance premiums 183,300 190,956 196,914 195,330
Net investment income 382,082 391,149 404,170 415,199
Net realized capital gains on sales of investments 3,760 11,062 3,106 599
Total other-than-temporary impairment losses (822) (719) (7,320) (3,986)
Non-credit portion in other comprehensive income/loss 0 146 2,451 0
Net impairment losses recognized in earnings (822) (573) (4,869) (3,986)
Other income 14,849 15,631 15,165 15,400
Total revenues 692,939 722,809 726,414 735,478

Benefits and expenses

Interest sensitive product benefits 211,540 217,443 238,586 251,878
Traditional life insurance benefits 162,876 176,145 177,682 173,023
Policyholder dividends 12,012 11,828 10,574 10,140
Underwriting, acquisition and insurance expenses 138,258 143,668 135,967 134,878
Interest expense 4,707 4,850 4,850 4,850
Other expenses 16,445 17,507 16,966 18,382
Total benefits and expenses 545,838 571,441 584,625 593,151
Total 147,101 151,368 141,789 142,327
Income tax benefit (expense) (47,335) (47,418) (46,010) 40,729
Equity income, net of related income taxes 10,103 9,523 11,440 11,299
Net income 109,869 113,473 107,219 194,355
Net loss (income) attributable to noncontrolling interest 72 54 4 (28)
Net income attributable to FBL Financial Group, Inc. 109,941 113,527 107,223 194,327
Earnings per common share 4.42 4.55 4.29 7.76
Earnings per common share - assuming dilution 4.39 4.53 4.28 7.75
Cash dividends per common share 1.40 1.60 1.68 1.76
Special cash dividend per common share 0 2.00 2.00 1.50

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS)

Net income 109,869 113,473 107,219 194,355

Other comprehensive income (loss)

Change in net unrealized investment gains/losses 142,121 (146,579) 38,077 88,685
Non-credit impairment losses 0 (90) (1,476) 0
Change in underfunded status of postretirement benefit plans (2,778) 2,791 (1,578) (1,483)
Total other comprehensive income (loss), net of tax 139,343 (143,878) 35,023 87,202
Total comprehensive income (loss), net of tax 249,212 (30,405) 142,242 281,557
Comprehensive loss (income) attributable to noncontrolling interest 72 54 4 (28)
Total comprehensive income (loss) applicable to FBL Financial Group, Inc. 249,284 (30,351) 142,246 281,529
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